The Capital Development Authority (CDA) has proposed a new residential scheme exclusively for overseas Pakistanis at Mauza Kuri in Islamabad. The scheme will be sprawled across 14,000 kanals of land along Kuri Road, adjacent to Park Road.
The CDA has taken this initiative to attract foreign investment and to provide overseas Pakistanis with an opportunity to own a home in the capital city. The plots within the scheme will be marketed and sold to overseas Pakistanis in US dollars, contributing to the country’s foreign exchange reserves.
The CDA is planning to develop the scheme into a state-of-the-art residential area with all the modern amenities. The scheme will have its own schools, hospitals, mosques, parks, and shopping malls. It will also be well-connected to the rest of the city by roads and public transportation.
The CDA is expected to launch the scheme in the near future. Once launched, overseas Pakistanis will be able to apply for plots online. The plots will be allocated through a balloting process.
Benefits of the CDA Residential Scheme for Overseas Pakistanis
The CDA residential scheme for overseas Pakistanis offers a number of benefits, including:
- The opportunity to own a home in the capital city of Pakistan.
- A well-developed and planned residential area with all the modern amenities.
- A strong return on investment, as the value of property in Islamabad is expected to appreciate in the coming years.
- A chance to contribute to the country’s economy by investing in its real estate sector.
How to Apply for a Plot in the CDA Residential Scheme for Overseas Pakistanis?
Overseas Pakistanis who are interested in applying for a plot in the CDA residential scheme at Mauza Kuri can do so online once the scheme is launched. The CDA will release more information on the application process and the eligibility criteria in the near future.
Conclusion
The CDA residential scheme for overseas Pakistanis is a welcome initiative that will provide overseas Pakistanis with an opportunity to own a home in the capital city and to contribute to the country’s economy. The scheme is expected to attract significant foreign investment and to boost the real estate sector in Islamabad.
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